Lender | Lending Options | Minimum Qualifications | Loan Details |
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U.S. Small Business Administrationhttps://disasterloan.sba.gov/ela/About U.S. SBAThe U.S. Small Business Administration is a U.S. government agency that provides support to entrepreneurs and small businesses. Their mission is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters". |
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U.S. Administration designed to help relieve the stress of business owners during a local or national disaster. It is a very detail oriented process, and certainly will take the longest time to receive funds out of the competitors on this list, but it is government backed and guaranteed. |
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Small Business Advocacy Council (Chicago Small Business Resiliency Fund)https://www.smallbusinessadvocacycouncil.org/About Chicago SBALaunched in 2010 by Elliot Richardson, the SBAC is a full-service advocacy organization and works to empower its members in four distinct ways. Gives members a voice in D.C.; Connects entrepreneurs with other members; Offers educational programming to promote business practices and encourage growth; and provide exclusive benefits to members. |
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Bluevinehttps://www.bluevine.com/About BluevineFounded in 2013, Bluevine has delivered $2B+ in funding to 20,000+ Small Business Owners. The Founder and CEO is Eyal Lifshitz. Known primarily for Invoice Factoring for B2B, but also offers lines of credit for B2B & B2C. |
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Bluevine doesn't require that businesses have a long operating history, but you must have at least fair credit and make at least $120,000 per year to qualify. |
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Kabbagehttps://www.kabbage.com/About KabbageKabbage, Inc., founded in 2008, is an online financial technology company based in Atlanta, Georgia. The company provides funding directly to small businesses and consumers through an automated lending platform. |
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Kabbage is one of the more well known online lenders. They have relatively low requirements compared to their competitors, while still maintaining a certain bar of success. |
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Fundboxhttps://fundbox.com/About FundboxFundbox, founded in 2013, is a fintech company based in San Francisco. They use big data analytics, engineering, and predictive modeling to help optimize cash flow for small businesses and freelancers with outstanding invoices. 100,000+ businesses impacted. First did invoice financing, and then added lines of credit. |
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Much like Kabbage, Fundbox is an online lender that offers fast, automated application processes. Initially, Fundbox provided invoice financing, but the lender now offers lines of credit in addition to that service. |
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FinanceFuel.comhttps://www.financefuel.com/About FinanceFuelFinanceFuel.com provides capital to small and medium businesses & startups based on their revenue or invoices. Whether you get paid by a customer in 30, 60, 90 days or from an e-commerce platform like Amazon, Shopify, or Ebay in weeks or months, they get you paid right away. |
| Apply on their website, connect them to your accounting software, and they check for what they need. Primarily offering AR Factoring, they can give your struggled wait for invoices a bit of ease. With quicker access to cash, and unique requirements, they may be the right choice for a small business. |
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OnDeck Capitalhttps://www.ondeck.com/About OnDeck CapitalOnDeck Capital is a global online small business lending company, founded in 2006, that is listed in the U.S. It has offices in New York, Arlington, Virginia, and Denver; Toronto and Montreal in Canada; and Sydney in Australia. Current CEO is Mitch Jacobs, with ~500 employees. Great option for companies that do not have a high credit score. |
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OnDeck may be the right lender for you if you have an established business but don't have a high credit score. As long as you meet the time in business and revenue requirements, OnDeck might be able to lend to you even if your credit score is as low as 600. |
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Lending Clubhttps://www.lendingclub.com/About Lending ClubLending Club is an American peer-to-peer lending company, headquartered in San Francisco, and founded in 2008. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission, and to offer loan trading on a secondary market. Over $28B in small business loans facilitated through Lending Club. |
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Lending Club, much like Kabbage, is an online lender. They have a lot of automated services, and can give you access to your money 24/7. They have a long history of success, and relatively low requirements. |
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Headway Capitalhttps://www.headwaycapital.com/About Headway CapitalHeadway Capital is part of a publicly traded company: Enova International. They provide a line of credit to small business owners. Very experience team at Headway is always ready to assist in a businesses financial needs. |
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Having the backing of a larger, Fortune 500 International parent company, Headway Capital is staffed and operated with high level technically proficient professionals. They only provide a line of credit, but with their low requirements, it may be the right choice. |
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LoanBuilderhttps://www.loanbuilder.com/lb/homeAbout LoanBuilderPreviously "Swift Financial", once they were acquired by PayPal they changed their name, and continue to provide working capital to small businesses. |
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LoanBuilder is a lending service offered by PayPal. Although LoanBuilder does not offer lines of credit, borrowers benefit from a fast application process and customizable terms. This lender offers short-term loans up to $500,000 with term lengths of 13-52 weeks. |
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Fundationhttps://fundation.com/About FundationFundation was founded on the premise of re-engineering the credit delivery process to small businesses through technology and advanced analytics. Companies ranging from super regional banks to community banks to a variety of B2B companies trust them to be their exclusive partner. |
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Fundation is one of the most difficult lenders on this list to qualify for. If you do qualify, however, you'll benefit from lower rates and fees than you'd be able to find elsewhere. |
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StreetShareshttps://streetshares.com/About StreetShares, Inc.StreetShares, Inc. is a financial technology company and small business funding marketplace, founded in 2013, based outside of Washington, D.C. |
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StreetShares offers term loans, lines of credit, and contract financing (a non-loan service similar to invoice factoring). For term loans and lines of credit, businesses can borrow up to 20% of their annual revenue, with a limit of $250,000. |
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Funding Circlehttps://www.fundingcircle.com/us/About Funding CircleFunding Circle is a peer-to-peer lending marketplace that allows the public to lend money directly to small and medium-sized businesses. To date, they have helped 81,000+ businesses access to $10.9B+ in financing. |
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Funding Circle has a very interesting business model that they have created to help small/medium sized business get the money they need. They do have higher than average minimum requirements when looking at the competition, however they do seem to have done well for themselves. |
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LenCredhttps://www.lencred.com/About LenCredLenCred is a small business funding platform that helps companies with financial education and startup loans or working capital. They provide in-depth credit, income, and financial background reviews before submitting applications to lenders on business owner's behalf. |
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LenCred is an organization that truly wants to help small businesses build their credit, and are willing to help fund with some of the lowest minimum requirements on the market. That being said, if you have bad credit and next to nothing for monthly revenue, you may get the money you need, but they hold stake in helping you build your credit up. |
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LoanMehttps://www.loanme.com/About LoanMeLoanMe is an online small business and personal loan provider that offers loans from $600-$250K. LoanMe has a quick online application and no credit score requirements. |
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LoanMe has primarily a personal loan provider, but broke into the small business loan market fairly recently. They do not require any kind of credit score check, but they have very short repayments terms if you are approved. |
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Seek Business Capitalhttps://www.seekcapital.com/About Seek Business CapitalSeek Business Capital provides consulting services and funding procurement to small businesses across America. Their primary goal is to solve one basic problem: small businesses need fast access to financing. |
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Seek Business Capital primarily offers consulting services to small businesses, however they also want to help them get funding as well through their term loans. They have very low minimum requirements, and seem to have flexible repayment options. |
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Accionhttps://www.accion.org/About AccionAccion is an international nonprofit. Founded as a community development initiative serving the poor in Venezuela, Accion is known as a pioneer in the fields of microfinance and fintech impact investing. |
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Accion has a very unique business model much like Funding Circle. Both companies rely primarily on public donations, and some larger primary investors to supply their funds. That being said, Accion does seem to have lower than average minimum requirements, but they may have some "unique" ones that are undisclosed. |
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CanCapitalhttps://www.cancapital.com/About CanCapitalCanCapital has provided $7B+ in funds to 81,000+ small businesses nation wide. |
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CanCapital takes a more traditional approach to small business loans like Kabbage or Bluevine. They do have very short repayments terms, but they do not ask for a credit check. First company researched so far that offers a prepayment discount however. |
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Credibility Capitalhttps://credibilitycapital.com/loan-productsAbout Credibility CapitalCredibility Capital Lends exclusively to Small Businesses, matching businesses with institutional investors to fund loans ranging from $25,000 to $350,000. |
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SmartBiz Loanshttps://www.smartbizloans.com/About SmartBiz LoansSmartBiz Loans is the #1 online marketplace for SBA loans, providing the right loan at the right time for your small business. SBA loans from SmartBiz marketplace banks can be used for debt refinance, working capital, and commercial real estate purchases or refinance. |
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SmartBiz Loans has a long lasting, successful history for online SBA marketplace loans. Their repayment terms are very generous, but they have high minimum qualifying requirements before you can get that. |
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Rapid Financehttps://www.rapidfinance.com/About Rapid FinanceRapid Finance is a technology-powered financial services company that provides working capital to small and mid-sized businesses in the U.S. As a sister company of Quick Loans, it offers small and medium business loan programs for business owners in a variety of industries and categories. |
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Further loan details undisclosed on the website. Rapid Finance has the added benefit of being a sister company to Quicken Loans, who has a long lasting successful history. They offer a large potential pool for funds, and what seems to be a longer potential repayment term length. However, it is hard to determine what drives their approvals. |
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PayPal - Working Capitalhttps://www.paypal.com/workingcapital/ |
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PayPal - Business Loanhttps://www.paypal.com/us/webapps/mpp/paypal-business-loan |
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Funderahttps://www.fundera.com/About FunderaFundera strives to give business owners the tools and advice they need to build great businesses. They have provided $1B+ in funds to 35,000+ businesses nationwide. |
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Fundera has a smaller amount of impact when compared to some of their competitors. This may be to their higher than average minimum requirements. They have the highest required FICO credit score of the companies on this list. However, they do offer flexible terms and a strong pool of potential funds for companies that do get approved. |
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